Once the condo is above water, you can dump it or ride it out until it is paid off.

Take advantage of long term investment benefits - stomach the dips/rises & retire by 60, have a maid do my laundry/clean my house/cook my food, live in an area with nice weather, workout every day, ride motorcycles, drive sports cars, do track days, visit Vegas whenever I want.I plan to do this with income properties - buy a duplex, 3-4 unit, and into the bigger (15-20 unit) closer to retirement.Long Beach investors - hit me up!

My name is Mike Murray and I hail from the great State of Nebraska!

Do you ride motorcycles as well Donald?

Perhaps we're just the blind leading the blind, but it feels emotionally safer having someone along the ride.

The podcasts are wonderful especially on my train ride into the city.

I own a duplex in the DFW area, that has hail and wind damage from storm that happened in November.  

There's a lot riding on our success.

Since the margins are typically so tight on commodity lumber, the supplier either has to take the hit and match the market, or ride it out.4) If you're including trusses in this, those can vary dramatically - huge swings in price... in part because the design is subject to the individual designer as well as some supplier have in-house truss capability while others act as a middleman.  

Good luck and enjoy the ride.